A thorough understanding of these topics allows for capitalizing on vendor discount dates to reduce accounts payable liabilities and easily select the right vouchers for payment by date, vendor, number, or custom query to control cash outlay. This course also provides guidance on how to define default values that automatically populate data fields and how to gather the information needed to make better business decisions by exploring powerful inquiry and lookup functions.

AudienceCourse 80573: Payables Management in Microsoft Dynamics GP 2013 is designed for customers wanting to learn the basic features and to develop a working knowledge of the typical day-to-day procedures required to effectively use Microsoft Dynamics GP Payables Management. The class is targeted toward data entry clerks, administrators, office managers, CEOs, and consultants who need to understand the technical aspects of Payables Management and gain foundational knowledge of the application functionality.

Course OutlineModule 1: Overview and Setup ProceduresThis module discusses the necessary setup options to start using Payables Management in Microsoft Dynamics GP. It discusses the general setup windows, and also key record setups including vendors and vendor classes.Lessons

Features and Benefits

Payables Management Setup

Payables Setup Options

Vendor Class Maintenance

Vendor Class Accounts Setup

Vendor Maintenance

Vendor Maintenance Options

Vendor Address Maintenance

Vendor Account Maintenance

Beginning Balances

Vendor History

Lab : Payables Management SetupLab : Setting up a New Vendor ClassLab : Setting up a New VendorAfter completing this module, students will be able to:

Identify the features and benefits available in Payables Management

Discuss integration that takes place between Payables Management and other modules within Microsoft Dynamics GP

Customize settings for the Payables Management

Create Vendor Classes and assign vendors appropriately

Create Vendor records

Enter beginning balances for vendors

Module 2: Daily ProceduresThis module explains the different types of transactions that can be entered in Payables Management. Transactions discussed include invoices, credit memos, debit memos and scheduled payment invoices.Lessons

Batch Entry

Payables Transaction Entry

Scheduled Payments Entry

Post Scheduled Payments

Lab : Enter an InvoiceLab : Enter and Pay an InvoiceLab : Enter a Credit MemoLab : Payables Scheduled PaymentsAfter completing this module, students will be able to:

Module 5: Maintaining RecordsThis module focuses on how to manage vendor relationships and the transaction data that you collect from purchasing transactions. Also included in this module is information about reporting and inquiry on vendors and transactions that are associated with purchasing.Lessons